Omaha daily bee., 1887-11-29
The SPECULATIVE MARKETS.
All Wheat News and circumstances
Bullish in Character.
SMALL GAIN IN PRICES RECORDED
The Arrivals of Corn Larger Than Es-
timatcd-A Strong Feeling Ex-
hibitcd in Provisions
General Quotations.
CHICAGO PRODUCE MARKET.

CuIcAGo, Nov. 2s..- Special Telegram 10
the BEE About all the news and circum-
stances bearing upon wheat values today
were bullish and they brought about an ad-
vance in prices, but the gain was small. The
most important factor and the greatest sur
prise to the trade was the showing made By
the visible supply statement Of an increase
OF only 490,0 900 bushels This was about
100000 bushels less than had been cx-
pectcd, and the highest prices of the day i'm
mediately followed the announcement. The
cold weather and its effect upon the unpro-
tcctcd wheat plant was talked about, but an
other side 10 the temperature feature was
presented in dispatches from the northwest
announcing that the cold weather was most
favorable for farmers deliveries, and would
be likely to increase them. Opening prices
were about &c above the closing figures of
Saturday at i53Ic for December, IG@6mi6l3c
for January, and S29lc for May.
Local traders seemed to think that
these prices were high enough
to make sales profitable and under their
offerings the first movement was downward
December touching 15555m752ic, January
76i4c and May S2l6ms296c. Then followed u
slow reaction until, upon knowledge of the
visible supply figures, December sold at
bWbIc, january ,OMWdOtsC ana May
SismS3l4c. From these figures the market
saggcd back until the / o'clock close, Svhcn
December stood at i555miGc January nom
inally at 1Gl4 4m16@Sc and May at s37Ec, an
advance for the last named and most active
delivery of &c over SATURDAYS closing price,
but only sc over the opening figures of to-
day
In May corn, tho most active delivery, the
huCtuation was Just lc on the morning scs-
sion. The opening was ut little under
saturdays closing at 452Sc for December,
4Gc for January and 5Olic for May. The last
named delivery sold at the opening at 5Oslc,
but then the market weakened somewhat, the
local traders evidently counting on the cold
weather and its promise of larger receipts.
The arrivals here also were larger than cx-
pcctcd-2iI cars-against an estimate of 240
cars. Prices fell to 4jAc for December &c
for January and 50lsc for May, but the de
cline was too insignificant to encourage the
short sellers, and an improvement began
which carried December to 46aac, January to
49, &c and May to 5l1sc The top prices were
not maintained, however, the reaction during
the last half hour carrying them down until
at o'clock December rested mt 4614m4Gssc,
January at 1896 and May at 50JIc
Oats saggcd IL little around the opening
owing to the early weakness in corn, initial
trades in December and January beng at
2Sasc and in May at 3l5Ec After touching
3lMc May climbed to 323sc under AN active
demand and at o'clock '52iIc was the mar
lnprovsiOns il strong feeling was exhibited.
The prices obtained were in some instances
Il little higher than those of Saturday and the
market commanded Il good support and closed
in II strong condition. Trading was also
quite fair, though more than ordinarily spas
modic and Il little too much professional to
give entire satisfaction. Early in the DAY "a
round lot of 10000 bbls of pork for May was
bought by Il prominent Spectator at Sl4 IS.
For the first half hour or so after the open.
ma l,nt 1nl Il
holders of future orders found it difficult tc
make trades.
AFTERNOON SEssIoN--Whcat firmcr; May
S3isc, December 76hM16iic, January iG2lc
Corn firm. Oats tirmcr; May 32ssM32I &C.
December and January 2SSsc Pork was
strong, closing at Sl4.20@ IA 22iI for January,
Sl43o for February and Sl+.11isGll4S0 fol
May. Lard was steady to shade easier
closing at s. 90 for November, $1.02]a for De
ccrnbcr. $Io1 l2Gt1.l0 for January, $711l5a
12o for February and s7.A2l9 for May Shor,
ribs were triRc easier; January closed a,
SIP s@'.l5i February at S72a119 and March
ut 81 30.